CaliberCos Inc. (CWD) Balance Sheet
CWD balance sheet, 2025
December 31, 2025 · U.S. dollars$135.4M assets = $109.2M liabilities + $26.2M equity
Both columns are drawn to the same scale: what CWD owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CWD financial health
Descriptive bands, not a rating. Fiscal 2025.
CWD balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $133.4M2018 | $135.4M2025 | +0.2%/yr | |
| Total liabilities | $27,9742018 | $109.2M2025 | +225.9%/yr | |
| Shareholders’ equity | $172.1M2018 | $1.3M2025 | −50.1%/yr | |
| Cash & short-term investments | $10.8M2018 | $2.5M2025 | −18.7%/yr | |
| Total debt | $16.9M2018 | $98.2M2025 | +28.6%/yr | |
| Net cash (debt) | −$6.0M2018 | −$95.7M2025 | −$89.7M | |
| Working capital | −$113.6M2018 | −$42.5M2025 | +$71.0M | |
| Book value per share | $8.192018 | $0.472025 | −33.5%/yr | |
| Current ratio | 0.622018 | 0.062025 | −0.56 | |
| Debt / equity | 0.102018 | 73.692025 | +73.60 | |
| Shares outstanding | 21.0M2018 | 2.8M2025 | −24.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CWD assets
CWD liabilities and equity
CWD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CWD balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $2.5M | $2.3M | $3.8M | $7.7M | $8.4M | $6.5M | $16.7M | $10.8M |
| Cash & equivalents | $2.5M | $2.3M | $3.8M | $7.7M | $8.4M | $6.5M | $16.7M | $10.8M |
| Short-term investments | — | $549,000 | $2.9M | — | — | — | — | — |
| Receivables | $18.7M | $14.8M | $46.6M | $40.2M | $27.4M | $17.1M | $5.1M | $1.5M |
| Inventory | $524,000 | $51,000 | $142,000 | $138,000 | $11.1M | $83,000 | −$197.7M | $0 |
| Other current assets | $0 | $3.6M | $17.3M | $11.3M | $10.3M | $5.7M | $175.9M | $172.1M |
| Total current assets | $2.5M | $20.8M | $67.8M | $59.2M | $57.1M | $29.5M | −$1 | $184.5M |
| Property, plant & equipment (net) | $10.9M | $147,000 | $10.5M | $10.2M | $184.6M | $195.0M | $144.6M | $142.9M |
| Goodwill & intangible assets | $46.3M | $0 | $184,000 | $361,000 | $0 | $252,000 | $0 | $0 |
| Long-term investments | $11.6M | $15.6M | $3.3M | $3.2M | $2.4M | $1.5M | $0 | $0 |
| Other non-current assets | $64.0M | $68.9M | $217.6M | $205.9M | $1.5M | $1.1M | $31.3M | $0 |
| Total assets | $135.4M | $105.5M | $299.4M | $278.8M | $245.6M | $227.3M | $175.9M | $133.4M |
| Liabilities | ||||||||
| Accounts payable | $9.0M | $10.7M | $20.6M | $15.6M | $15.1M | $10.4M | $2.4M | — |
| Short-term debt | $45.1M | $42.3M | $73.1M | $7.3M | $6.0M | $2.3M | $131.3M | $133.4M |
| Deferred revenue | — | — | −$72.1M | $805,000 | $423,000 | $423,000 | — | — |
| Total current liabilities | $45.1M | $11.5M | $22.6M | $16.5M | $17.0M | $11.3M | $293.2M | $298.1M |
| Long-term debt | $82.3M | $81.7M | $195.5M | $148.9M | $154.2M | $146.2M | $0 | $0 |
| Lease obligations | $10.8M | $93,000 | $14.1M | $14.1M | $71,000 | $229,000 | — | — |
| Other long-term liabilities | $0 | $1.1M | $15.3M | $36.3M | $24.7M | $21.4M | $161.9M | $152.3M |
| Total liabilities | $109.2M | $94.3M | $233.4M | $201.6M | $196.0M | $178.9M | $161.9M | $27,974 |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $7,000 | $22,000 | $21,000 | $18,000 | $17,000 | $17,000 | $28,085 | — |
| Retained earnings (deficit) | −$78.4M | −$56.6M | −$36.8M | −$22.7M | −$24.7M | −$24.8M | −$19.1M | −$20.2M |
| Accumulated other comprehensive income | — | — | $66.0M | $77.2M | $49.7M | $48.4M | $14.0M | $7.5M |
| Minority interest | $24.9M | $23.8M | $63.4M | $80.4M | — | — | — | — |
| Total shareholders' equity | $1.3M | −$12.6M | $2.6M | −$3.2M | −$9.1M | −$16.3M | −$14.0M | $172.1M |
| Key figures | ||||||||
| Total debt | $98.2M | $81.8M | $209.6M | $177.6M | $166.3M | $151.1M | $131.3M | $16.9M |
| Net cash (debt) | −$95.7M | −$79.4M | −$205.8M | −$170.0M | −$157.9M | −$144.5M | −$114.6M | −$6.0M |
| Working capital | −$42.5M | $9.3M | $45.2M | $42.8M | $40.1M | $18.2M | −$293.2M | −$113.6M |
| Tangible book value | −$45.0M | −$12.6M | $2.4M | −$3.6M | −$9.1M | −$16.6M | −$14.0M | $172.1M |
| Book value per share | $0.47 | −$0.57 | $0.13 | −$0.15 | −$0.43 | −$0.78 | −$0.67 | $8.19 |
| Shares outstanding | 2.8M | 22.0M | 20.1M | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M |
| Current ratio | 0.06 | 1.81 | 3.00 | 3.60 | 3.35 | 2.61 | −0.00 | 0.62 |
| Quick ratio | 0.47 | 1.49 | 2.23 | 2.91 | 2.10 | 2.10 | 0.07 | 0.04 |
| Debt / equity | 73.69 | — | 79.91 | — | — | — | — | 0.10 |
| Equity / assets | 1.0% | −11.9% | 0.9% | −1.2% | −3.7% | −7.2% | −8.0% | 129.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.4M | $4.6M | $2.5M | $10.9M | $683,000 | $1.6M | $2.3M | $1.6M | $4.6M | $5.3M | $3.8M | $5.5M |
| Cash & equivalents | $1.4M | $4.6M | $2.5M | $10.9M | $683,000 | $1.6M | $2.3M | $1.6M | $4.6M | $5.3M | $3.8M | $5.5M |
| Short-term investments | — | — | — | — | — | — | — | $1.1M | — | — | — | — |
| Receivables | $28.1M | $26.6M | $18.7M | $13.0M | $9.1M | $15.4M | $14.8M | $71.1M | $69.7M | $57.4M | $2.2M | $40.3M |
| Inventory | $0 | $0 | $524,000 | $0 | $0 | $66,000 | $51,000 | $41,000 | $41,000 | $44,000 | $142,000 | $148,000 |
| Other current assets | $0 | $0 | $0 | $3.1M | $3.6M | $3.8M | $3.6M | $3.4M | $0 | $2.0M | $61.7M | $15.6M |
| Total current assets | $1.4M | $543,000 | $2.5M | $27.1M | $13.3M | $20.8M | $20.8M | $76.1M | $806,000 | $64.8M | $67.8M | $61.5M |
| Property, plant & equipment (net) | $10.8M | $10.8M | $10.9M | $110,000 | $123,000 | $135,000 | $147,000 | $159,000 | $170,000 | $122.9M | $10.5M | $9.0M |
| Goodwill & intangible assets | $46.0M | $46.1M | $46.3M | $10.0M | $0 | $0 | $0 | $0 | $0 | $184,000 | $0 | $419,000 |
| Long-term investments | $11.4M | $11.6M | $11.6M | $11.9M | $12.2M | $15.5M | $15.6M | $12.7M | $12.5M | $9.7M | $3.3M | $3.3M |
| Other non-current assets | $108.0M | $110.5M | $64.0M | $33.5M | $33.6M | $67.1M | $68.9M | $69.6M | $181.8M | $3.8M | $217.8M | $250.5M |
| Total assets | $177.7M | $179.6M | $135.4M | $82.6M | $59.3M | $103.6M | $105.5M | $158.6M | $195.2M | $201.5M | $299.4M | $324.7M |
| Liabilities | ||||||||||||
| Accounts payable | $10.2M | $9.9M | $9.0M | $9.6M | $10.0M | $10.5M | $10.7M | $10.1M | $11.5M | $12.5M | $20.6M | $18.8M |
| Short-term debt | $39.6M | $40.1M | $45.1M | $8.5M | $9.6M | $34.2M | $42.3M | $12.4M | $18.8M | $42.7M | — | $25.1M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$18.4M | −$42.1M | — | −$25.1M |
| Total current liabilities | $39.6M | $40.1M | $45.1M | $18.5M | $10.8M | $11.4M | $11.5M | $10.7M | $12.2M | $13.5M | $22.0M | $20.2M |
| Long-term debt | $111.6M | $97.7M | $82.3M | $54.0M | $64.3M | $83.1M | $81.7M | $83.4M | $86.7M | $100.6M | $195.5M | $214.8M |
| Lease obligations | $10.8M | $10.8M | $10.8M | $104,000 | $116,000 | $126,000 | $93,000 | $100,000 | $106,000 | $112,000 | $14.1M | $12.5M |
| Other long-term liabilities | $0 | $3.0M | $0 | $3.9M | $1.7M | $1.7M | $1.1M | $1.2M | $1.1M | $859,000 | $15.8M | $14.9M |
| Total liabilities | $142.9M | $140.9M | $109.2M | $76.5M | $76.9M | $96.3M | $94.3M | $95.3M | $100.0M | $115.0M | $233.4M | $250.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $9,000 | $8,000 | $7,000 | $5,000 | $1,000 | $1,000 | $22,000 | $22,000 | $22,000 | $21,000 | — | $21,000 |
| Retained earnings (deficit) | −$85.7M | −$82.3M | −$78.4M | −$70.7M | −$66.3M | −$61.0M | −$56.6M | −$45.2M | −$45.4M | −$40.6M | −$36.8M | −$34.5M |
| Minority interest | $36.2M | $37.5M | $24.9M | $1.9M | $2.2M | — | — | — | — | — | — | — |
| Total shareholders' equity | −$1.4M | $1.3M | $1.3M | $4.2M | −$19.9M | −$15.8M | −$12.6M | −$3.8M | −$4.7M | −$745,000 | $2.6M | $4.3M |
| Key figures | ||||||||||||
| Total debt | $130.8M | $129.2M | $98.2M | $62.6M | $64.4M | $83.2M | $81.8M | $83.5M | $86.8M | $100.7M | $195.5M | $227.4M |
| Net cash (debt) | −$129.4M | −$124.6M | −$95.7M | −$51.7M | −$63.8M | −$81.7M | −$79.4M | −$82.0M | −$82.3M | −$95.4M | −$191.7M | −$221.8M |
| Working capital | −$38.1M | −$39.6M | −$42.5M | $8.6M | $2.5M | $9.4M | $9.3M | $65.5M | −$11.4M | $51.3M | $45.8M | $41.3M |
| Tangible book value | −$47.4M | −$44.9M | −$45.0M | −$5.8M | −$19.9M | −$15.8M | −$12.6M | −$3.8M | −$4.7M | −$929,000 | $2.6M | $3.9M |
| Book value per share | −$0.16 | $0.44 | $0.47 | $0.33 | −$1.57 | −$0.70 | −$0.56 | −$0.15 | −$0.22 | −$0.03 | $0.13 | $0.20 |
| Shares outstanding | 8.8M | 2.8M | 2.8M | 12.6M | 12.6M | 22.5M | 22.5M | 24.9M | 21.8M | 21.5M | 21.0M | 21.3M |
| Current ratio | 0.04 | 0.01 | 0.06 | 1.46 | 1.23 | 1.82 | 1.81 | 7.14 | 0.07 | 4.80 | 3.08 | 3.05 |
| Quick ratio | 0.75 | 0.78 | 0.47 | 1.29 | 0.90 | 1.48 | 1.49 | 6.82 | 6.09 | 4.65 | 0.27 | 2.27 |
| Debt / equity | — | 103.10 | 73.69 | 14.98 | — | — | — | — | — | — | 74.55 | 53.18 |
| Equity / assets | −0.8% | 0.7% | 1.0% | 5.1% | −33.5% | −15.3% | −11.9% | −2.4% | −2.4% | −0.4% | 0.9% | 1.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 26, 2026); data from EODHD.
CWD financial position
At the end of fiscal 2025 (December 31, 2025), CaliberCos had total assets of $135.4 million (up 28.3% from a year earlier), total liabilities of $109.2 million and shareholders' equity of $1.3 million. It held $2.5 million in cash and short-term investments against $98.2 million of debt, net debt of $95.7 million. Its current ratio was 0.06. In the latest quarter (ended June 30, 2026) total assets were $177.7 million and equity -$1.4 million.
Related: CWD income statement, CWD cash flow statement, CWD key metrics. See the CWD stock overview for the latest quote and news.
CWD balance sheet FAQ
What are CaliberCos's total assets?
CaliberCos reported total assets of $135.4 million at the end of fiscal 2025 (December 31, 2025), compared with $105.5 million a year earlier.
How much debt does CaliberCos have?
CaliberCos had $98.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 73.69.
How much cash does CaliberCos have?
CaliberCos held $2.5 million in cash and short-term investments at the end of fiscal 2025; with $98.2 million of debt that is net debt of $95.7 million.
What is CaliberCos's book value?
CaliberCos's shareholders' equity (book value) was $1.3 million at the end of fiscal 2025, or $0.47 per share.
What is CaliberCos's current ratio?
CaliberCos had current assets of $2.5 million and current liabilities of $45.1 million, a current ratio of 0.06 (current liabilities exceed current assets).
How much goodwill does CaliberCos have?
CaliberCos carried $46.3 million of goodwill and intangible assets, 34.2% of total assets, at the end of fiscal 2025.